New York State Common Retirement Fund Lowers Position in Xometry, Inc. $XMTR

New York State Common Retirement Fund trimmed its stake in shares of Xometry, Inc. (NASDAQ:XMTR) by 92.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,217 shares of the company’s stock after selling 876,925 shares during the period. New York State Common Retirement Fund’s holdings in Xometry were worth $4,043,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of XMTR. Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of Xometry by 248.8% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 859,808 shares of the company’s stock valued at $29,053,000 after purchasing an additional 613,282 shares during the last quarter. Stephens Investment Management Group LLC purchased a new position in Xometry during the 2nd quarter valued at approximately $13,292,000. First Trust Advisors LP grew its holdings in Xometry by 42.9% during the 2nd quarter. First Trust Advisors LP now owns 1,279,005 shares of the company’s stock valued at $43,218,000 after buying an additional 384,211 shares in the last quarter. Invesco Ltd. increased its stake in Xometry by 476.1% in the 2nd quarter. Invesco Ltd. now owns 238,390 shares of the company’s stock worth $8,055,000 after acquiring an additional 197,013 shares during the last quarter. Finally, Sylebra Capital LLC raised its holdings in shares of Xometry by 9.6% during the 2nd quarter. Sylebra Capital LLC now owns 2,062,157 shares of the company’s stock worth $69,680,000 after acquiring an additional 180,533 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on XMTR shares. Zacks Research lowered shares of Xometry from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Cantor Fitzgerald increased their price objective on shares of Xometry from $41.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. The Goldman Sachs Group boosted their target price on shares of Xometry from $49.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Citizens Jmp upped their target price on shares of Xometry from $65.00 to $75.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Xometry in a research report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $57.89.

Insiders Place Their Bets

In related news, President Sanjeev Singh Sahni sold 26,190 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $65.47, for a total transaction of $1,714,659.30. Following the completion of the sale, the president directly owned 63,130 shares of the company’s stock, valued at approximately $4,133,121.10. This trade represents a 29.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Vaidyanathan Raghavan sold 3,570 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $66.51, for a total value of $237,440.70. Following the transaction, the chief technology officer owned 38,397 shares of the company’s stock, valued at approximately $2,553,784.47. The trade was a 8.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 63,436 shares of company stock valued at $4,163,197 over the last quarter. Corporate insiders own 9.66% of the company’s stock.

Xometry Trading Up 9.4%

XMTR stock opened at $66.03 on Friday. Xometry, Inc. has a twelve month low of $18.59 and a twelve month high of $69.26. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of -52.82 and a beta of 0.86. The company has a quick ratio of 3.58, a current ratio of 3.62 and a debt-to-equity ratio of 1.20. The firm’s fifty day simple moving average is $61.81 and its two-hundred day simple moving average is $53.98.

Xometry (NASDAQ:XMTR) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $180.72 million during the quarter, compared to analysts’ expectations of $168.25 million. Xometry had a negative net margin of 9.80% and a negative return on equity of 6.59%. The firm’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 EPS. As a group, analysts anticipate that Xometry, Inc. will post -0.66 earnings per share for the current year.

Xometry Company Profile

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.